HALAL INDUSTRY IN INDONESIA: ROLE OF SHARIA FINANCIAL INSTITUTIONS IN DRIVING INDUSTRIAL AND HALAL ECOSYSTEM

Abstract

Halal market has emerged as a sector of new development and creating market potential in the global economy. Sharia Financial Institutions (SFI) has an important role as an intermediation between unit deficits and surpluses in the economy with sharia principles. As the development of halal products and industries make SFI have an important role in encouraging the growth, literacy and potential of the halal industry. In this paper we will present the ideas and roles of SFI in encouraging the potential of halal industry in Indonesia. The purpose of writing this paper is to provide an overview of the potential, prospects and literacy of the halal industry in Indonesia; and provide an overview and idea of the role of SFI sector in encouraging halal ecosystems and industries.Keywords: Islamic Financial Institutions, Halal Industry, Halal Ecosystem